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Any other business

Storm warning: the world economy’s October troubles aren’t over yet

Plus: Spiritual detox for bankers, and the last business that can make the prefix ‘Euro’ sound good

18 October 2014

9:00 AM

18 October 2014

9:00 AM

October is always a turbulent month, and I’m feeling uneasy about this one. The FTSE100 index, which looked set to break through 7,000 in September, has lost more than 500 points since then — and would have lost more but for manoeuvres in the mining sector. Pessimism stalks the bond markets, and even a falling oil price is read more as a harbinger of faltering growth than a stimulus for further recovery.

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